Canadian bulk trucking giant Trimac signed a three-year contract worth $36 million to haul limestone aggregate for Hammerstone, a Calgary-based company.
The deal expands Trimac’s role in Canada’s booming energy sector, as Hammerstone supplies limestone aggregate to energy and construction projects.
Hammerstone owns and operates a limestone quarry with more than 750 million tons of accessible limestone reserves near Fort McMurray in northern Alberta.
That’s in the heart of Western Canada’s oil sands region, where the business of extracting oil from tar sands is sending economic ripples across Canada and the U.S.
Trimac increased its total North American revenue nearly 21 percent last year to approximately $642 million, according to estimates from SJ Consulting Group.
In Canada, Trimac Transportation is a publicly owned company, with $334 million in revenue in 2011. Its U.S. operations, however, are privately owned.
The company is expanding through acquisition. Trimac said May 25 it would buy Liquid Cargo Lines, a chemical hauler with headquarters in Mississauga, Ontario.
Trimac recently acquired a 60 percent stake in Fortress Trucking, an Ontario-based chemical hauler. Last year, Trimac bought Benson Tank Lines for $4 million.